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Finolex Industries Limited is India's largest backward integrated manufacturer of PVC pipes and fittings, primarily serving agriculture, plumbing, and sanitation sectors. The company also produces PVC resin supporting its operations.
Despite a 14% decline in volume due to extended monsoon, Finolex witnessed significant improvement in operating performance for Q3 FY26, with EBITDA rising to ₹123 Cr from ₹83 Cr in the same period last year.
Reduced PVC prices have led to a 10% revenue drop year-on-year. However, operational efficiencies have enabled a notable improvement in profit before tax, which has risen to ₹146 Cr for the quarter, up from last year's ₹95 Cr.
Finolex maintains strong liquidity, evidenced by a robust net cash balance of ₹2,429 Cr as of Q3 FY26, enabling resilience against volatile raw material prices and supporting future operational ambitions.
The company's social responsibility initiatives, through Mukul Madhav Foundation, span across education, healthcare, and skill development, bolstering its commitment to CSR and sustainability goals.
Industrial Products
Plastic Products - Industrial
9,338 Cr
Low Risk
15.2
34.4
0.3
1.5
206.15
147.40
Sales CAGR
Profit CAGR
ROE
ROCE
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| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
6920.70 | 16,078 Cr | 41.45 | 6.05 | 0.17 | 12.73 | 17.01 | 12.88 | ||
3010.95 | 13,849 Cr | 78.33 | 19.32 | 0.10 | 23.71 | 26.67 | 15.42 | ||
150.50 | 9,338 Cr | 15.17 | 1.50 | 1.82 | 9.64 | 12.34 | 8.10 | ||
6585.45 | 8,924 Cr | 39.55 | 6.38 | 0.30 | 13.24 | 17.92 | 12.86 | ||
180.30 | 8,900 Cr | 17.87 | 2.18 | 0.83 | 11.46 | 14.89 | 8.83 | ||
246.55 | 2,726 Cr | 26.17 | 1.66 | 0.41 | 4.45 | 6.11 | 4.21 | ||
512.75 | 2,259 Cr | -154.59 | 2.86 | 0.14 | 0.91 | 2.12 | -1.14 | ||
| Median: 7 Co. | — | 512.75 | 8,924 Cr | 26.17 | 2.86 | 0.30 | 11.46 | 14.89 | 8.83 |
Finolex Industries Ltd (FINPIPE) is currently trading at 151.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Finolex Industries Limited is India's largest backward integrated manufacturer of PVC pipes and fittings, primarily serving agriculture, plumbing, and sanitation sectors. The company also produces PVC resin supporting its operations. Despite a 14% decline in volume due to extended monsoon, Finolex witnessed significant improvement in operating performance for Q3 FY26, with EBITDA rising to ₹123 Cr from ₹83 Cr in the same period last year. Reduced PVC prices have led to a 10% revenue drop year-on-year. However, operational efficiencies have enabled a notable improvement in profit before tax, which has risen to ₹146 Cr for the quarter, up from last year's ₹95 Cr. Finolex maintains strong liquidity, evidenced by a robust net cash balance of ₹2,429 Cr as of Q3 FY26, enabling resilience against volatile raw material prices and supporting future operational ambitions. The company's social responsibility initiatives, through Mukul Madhav Foundation, span across education, healthcare, and skill development, bolstering its commitment to CSR and sustainability goals.
Over the past 52 weeks, Finolex Industries Ltd has traded between a low of ₹147.40 and a high of ₹206.15. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Finolex Industries Ltd has a market capitalization of approximately 9,338.18. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Finolex Industries Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 15.17 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 9,338.18 Cr, Finolex Industries Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Finolex Industries Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Finolex Industries Ltd is 15.17. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
The record increase in government capital expenditure to ₹12.2 lakh crore is the biggest positive, as it will directly boost demand for PVC pipes in infrastructure, water supply, and sanitation projects across the country.
